Gold Movement
For the 24 hours to 23:00 GMT, Gold rose 0.27% against the USD and closed at USD1211.70 per ounce, amid weakness in greenback.
In the Asian session, at GMT0300, the pair is trading at 1212.70, with gold trading 0.08% higher against the USD from yesterday’s close.
The pair is expected to find support at 1206.90, and a fall through could take it to the next support level of 1201.10. The pair is expected to find its first resistance at 1216.70, and a rise through could take it to the next resistance level of 1220.70.
The yellow metal is trading above its 20 Hr and 50 Hr moving averages.
